Business Data
Positive Power & Renewables Outlook, China To Capitalise
Invest or interest in the Philippines power sector is increasing, in line with government efforts to reduce project bottlenecks and integrate renewable energy into the power mix. China ' s footprint in the sector will expand over the coming years, as the Chinese government prioritises its outward investment plan in Asia and Duterte continues to pivot towards building closer relations with China. We have long-highlighted the Philippines' power and renewables industry as a regional brightspot for investment given the favourable regulatory environment for private and foreign investment, including cost-reflective electricity tariffs and an established feed-in tariff programme ( see ' Power Shortages To Ease As Capacity Expansion Progresses ' , November 4 2015). Furthermore, pent up power demand in the Philippines is robust, with demographic and macroeconomic fundamentals driving demand; we forecast electricity consumption to grow by an annual average of 5.3% between 2017 and 2026.
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Lacklustre Consumer Spending Dampening Sales Outlook | en |